The Chinese government intends to invest more than $143 billion subsidy of its semiconductor industry in an effort to counter the recent US export bans.
The United States have revealed that the government had consulted with its allies in regards to the tightening of chip exports to China.
Chinese companies have increased measure to reduce the impact of the coronavirus on operations, as infection rates have surged in the aftermath of the cancellation of the government zero-tolerance policy.
The total investment of Apple in Japan has reached above the $100 billion mark, over the span of the last five years.
Despite the ongoing war, Nestle has decided to invest 40 million CHF in the opening of a new factory in Ukraine.
Reuters has revealed that over the past decade various Asian car battery makers have invested in production in Hungary, which would serve German carmakers.
The United States Securities and Exchange Commission has decided to propose big changes to the US equity market structure. The reform has been reported to be the largest in two decades.
In November, United States import prices decline by 0.6%. However, prices have remained up 2.7% compared on an annual basis.
Subaru has announced a recall of 271,000 vehicles. The 2019-2021 Ascent sport utility vehicle model has been reported to have high fire risk.
US Senator Marc Rubio has announced new legislation proposal that would ban the Chinese social media app TikTok due to concerns over censorship and espionage.
Bloomberg has reported that the US administration intends to add more than 35 companies to a trade block that would ban them from acquiring US components.
The European Central Bank has just now hiked its Main Refinancing Rate and has published its Monetary Policy Statement. The base interest rate has been hiked from 2.00% up to 2.50%.
US legislators have introduced a new law, which forbids the Chinese company Huawei from accessing US banking services.
The Bank of England has hiked its Official Bank Rate by 0.50%. The official rate has been increased from 3.00% up to 3.50%. Meanwhile, the way how the central bank policymakers voted has caused a decline of the Pound.
The CEO of Tesla and owner of Twitter Elon Musk has revealed a $3.6 billion sale of Tesla stock. The latest sale of shares has brought the total sold amount to $40 billion.
The CEO of the Dutch semiconductor equipment producer ASML Holding NV Peter Wennink has stated to NRC Handelsblad that the Dutch should not adapt US chip export restrictions that are aimed at China.
The Swiss National Bank has hiked the CHF base interest rate from 0.50% up to 1.00%. The event has caused a decline of the Swiss Franc's value.
Binance has reported that in the aftermath of heavy withdrawals suffered on Tuesday, deposits had returned to the exchange.
The United States Federal Reserve has hiked its Federal Funds Rate by 0.50%. The market consensus forecast was a 0.50% hike, which has brought the rate from 4.00% up to 4.50%.
At 19:00 GMT, the US Federal Reserve is expected to hike the Federal Funds Rate. The market consensus is that the Fed is set to hike by 0.50%. Any deviation from the expectations is set to cause market volatility.
The United States Department of Energy has announced that US scientists have made a net energy gain for the first time in a fusion experiment.
The Chinese government has started a trade dispute in the World Trade Organization versus the US control of chip exports to China.
The owner of Twitter Elon Musk has stated that with Basic Blue subscription owners would see only half of ads. In addition, no add plans are set to be offered next year.
Automobilwoche has reported that the Czech carmaker Skoda, which is part of Volkswagen, might withdraw from the Chinese market.